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Updated over 7 years ago on . Most recent reply
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Building an apartment complex
Hello all, I've been looking in my local community for a fix and flip for about a year. I haven't found many and the ones I do find I get beat out on the contract or I can't seem to get the numbers to work. Now I know I am new and I don't know much but I am a general contractor in my town. That being said if I did decide to take on the project of building an entire apartment complex, where should I start? I've never done anything even remotely that close to scale. I ask this because I found a great plot of land potentially for an apartment complex for a local college. I don't even know how to figure numbers for that.
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If you don't know how to evaluate the deal, my best suggestion is to find someone in your area that is familiar with development and/or building multi-family and see if you can partner. This isn't something that any of us could teach you in a forum thread...